British Airways: Data-Driven Decision Making & Strategic Importance
VerifiedAdded on 2023/06/12
|17
|1330
|415
Report
AI Summary
This report delves into data insights and their role in business decisions, focusing on British Airways as a case study. It begins by outlining the types of data collected by the airline, including personal information gathered through various customer interactions. The report differentiates between orthodox market research methods and big data approaches, highlighting the data capture and storage processes employed by British Airways, particularly the use of Relational Database Management Systems (RDBMS). It evaluates the impact of technological advancements and RDBMS on the company's decision-making processes, emphasizing enhanced data security, consistency, flexibility, and reduced error risks. Furthermore, it examines how British Airways utilizes data and information for operational planning, sustainability, safety, and communication, underscoring its strategic importance in maintaining a competitive market position. The report concludes with recommendations for improving data capture, such as setting guidelines for preventing data duplication and ensuring staff compliance, along with a list of references.
1 out of 17